Good morning a warm welcome to Worldwide Exchange here on cnbc im wilfred frost. Lets get straight to the market picture. We did see yesterday the s p flat, the dow down about 0. 15 the nasdaq was up, 0. 2 . Theres been some concerns of a selloff. Weak to date were only down half of a percent for the dow and s p. The nasdaq is down a full percent. Its not that bad given the great runs of late this morning bouncing back, nearly 40 points higher for the dow. The s p up 5 points. The nasdaq up 25 points or so. Lets look at europe it was down yesterday, but not too badly. Having sold off more meaningfully at the start of the week germany up a half percent. About a quarter of a percent of gains for the uk and france. Asia in the eye of the storm yesterday with quite significant declines lets get more on the markets in asia from Nancy Hungerford she joins us from singapore. Hey, nancy thats right. A different story here for asian equities lets start with the comeback story, the nikkei 225, h
It goes downhill from there. That is clear political bias, contempt for the President Trump inside the investigation. Today we will pill back the layers of the story. You will see the deep state of work. Now look at this pivot 99 of the vote counted, Democrat Doug Jones at wheaton republican roy moore in the Alabama Senate race. A defeat for President Trump for backward more. It is a defeat for the Republican Party which will have a slim 5149 majority in the senate. Democrats much stronger than the 2018 elections. This one affects the compromise on taxes. A corporate rate of 21 and a top individual rate of 37 . Given the alabama result, the republicans very quickly. Money looking at a market that will open flat to slightly higher through the focus on tax cuts in getting the deal done quickly. The president make his final pitch this afternoon. Varney company is about to begin. Well, talk about a political bombshell. Here it is printed text between peter strzok and lisa paige obtained by
Well, that big tax bill is all set now. Republicans releasing tonight their final signedoff draft of the most sweeping tax rewrite since 1987. And it appears tonight that some lastminute dealmaking flipped some no votes to yes, securing what is evidently enough gop support to turn you tell 503page overhaul into law. The holdout, marco rubio of florida, got on board when the childcare tax credit was expanded. Tennessees bob corker did the same, saying he believes the bill was a once in a Generation Opportunity to help the economy. Tax reform . Some say it isnt exactly that. But what it is for sure is a huge 1. 5 trillion tax cut with much of the benefit flowing to us corporations. And on that, the major stocks indexes rose to record highs. So whats whats out . Ylan mui knows it all, shes covering the story from capitol hill, where i think youve pitched a tent the past few days, ylan, good evening. Reporter its been some long days, and long nights as well, tyler. Republicans just filed t
A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im seema m infa for sara eisen. Good morning. Good morning to you great to have you with us lets get to the Global Market picture. Its an encouraging one. Yesterday, record closes note just for all three main indices that youre looking at, but for the russell, for thel transpor as well. The nasdaq up 0. 8 the s p and dow up about 0. 6 . The year for the w3ow thats roughly one every four trading sessions. E extraordinary statistics rp r yesterday. Utilities the worst. Could be another positive set of record closes. The dow higher by 72 points, nasdaq by 10 s p by 5 it was a riskon day for the bond xdarket. We saw selling of bonds. Yields rising. The tenyear pushed up to 2. 39 , where it sits this morning as well global stocks have had an encouraging start to the week. Letse1 look at how asia perford overnight. Mostly tof4npside. C the shanghai upqnearly 1 , hang seng up about 0. 7 one event to watch this week will be
The general state of the building is in than is it. Rogers moved into her apartment this week. And donna wilson a neighbor says raccoons are nothing new on this block. If you have holes or whatever, i guess they can get in. Animal control has set a trap inside of this home to catch that raccoon, and no word on whether the raccoon as within caught. And in lni is investigating to see if this home is safe to live in but ashley and her family are not moving back either way. Channel 6 action news. Thank you. Police in chester, Delaware County are interviewing a group of teenagers to figure out how one of them got shot. The woman the group was outside a home near 9th and eagle streets when one teen started to show off or play with a gun. The victim aalert and talking and being treated at the area hospital. And charges are filed in an hit and run crash that killed an 8yearold and injured his father. That he was speeding in and out of traffic when he hit the car in philadelphia. We toll but th